Facebook in UK: company paid £4.1m tax last year

October 11, 2016

Facebook is a very accurate tax payer, last year the company paid £4.16m in tax, as it expanded its business in the Inited Kingdom. According to its official data, Zuckerberg’s network posted its taxable profit for the year to 31 December of about £20m, on which it paid tax at the standard corporation tax rate. Turnover more than doubled to £210m.

Facebook is getting stronger as a corporation, and every year its tax volume is getting bigger. Last year, Facebook in UK paid £4.1m tax. The US-based company was proud to have grown its business in the UK, that’s why taxes are paying accurately and in time. According to the spokesperson for Facebook:

“We are proud that in 2015 we have continued to grow our business in the UK and created over 300 new high skilled jobs. We pay all the taxes that we are required to under UK law.”

On Sunday, Companies House has published the figures, which are revealing the Facebook accountsin UK. But accountants are not sure that Facebook paid an accurate amount. In fact, Facebook’s UK accounts do not represent its real sales in this country, which are actually booked in Ireland with their true value never being disclosed.